Kabbage introduces Kabbage Checking for Small Businesses in the United States.
Kabbage, an American Express Company, has announced the launch of Kabbage Checking, American Express's first business checking account designed specifically for small businesses in the United States.
Kabbage Checking aims to help small businesses grow by charging no monthly maintenance fees, no set-up fees, and offering convenient on-the-go features backed by American Express.
American Express has also begun to offer Kabbage Funding to existing customers, with plans to expand its availability later this year. Kabbage Funding allows small businesses to apply for flexible lines of credit ranging from $1,000 to $150,000. These products are part of an integrated platform from Kabbage that combines data-driven products, such as payment processing and business insights, to help small businesses in the United States manage their cash flow.
Small business owners can apply for a business checking account online regardless of the age or revenue of their company, and there are no minimum balance requirements. Customers leveraging Kabbage Checking will benefit from:
• Mobile check deposits: Deposit eligible checks using the Kabbage app.
• Reserves: Organize money for specific savings goals or categories.
• Free in-network ATMs: Withdraw funds at over 19,000 ATMs.
• Kabbage debit card: Access ATMs, deposit cash and add to digital wallets.
• Customized checks: Pay vendors, cover payroll, and more.
• Bill pay: Set up recurring payments to vendors.
• In-person cash deposits: Deposit funds at 90,000 participating retailers nationwide.
Kabbage Checking and Kabbage's integrated solutions are part of American Express's expansion beyond its Card business to strengthen its relationships with small businesses in the United States. American Express has launched the first of several new digital cash flow management solutions.